Welcome to PinoyInvestor!

Local equities may continue to advance, as investors position for trading windows in select shares ripe for buying.

The index slipped -0.68%, staying below range bound MAs and keeping the broader tone cautious despite recent attempts to stabilize.

Participants might check on feelers whether the Philippine market would follow other Asian peers’ optimistic trail since yesterday, on resumption of talks as sequel to the USIran rift.

The market might take its cue from US equities’ overnight ascent, on hopes for resolution to the Middle East conflict.

The PSEi increased by 1.7% w/w to 6,098.21 (+99.53 pts.), regaining momentum after crossing above its 20-day moving average (MA).

Sunday’s deadlock between US-Iran might prompt investors to remain at bay, pending advisories how sequel events would proceed.

Participants may take their cue from Wall Street’s overnight strength, on latest consideration from the US to end the rift in Iran.

Eyes are set whether fund managers would make a market-on-close (MOC) support for quarter-end close, specifically for large-caps beaten by the recent rout.

The index declined by -0.76% w/w to 5,972.83 (-45.8 pts.), and remains below its key moving averages (20-day, 50- day, 100-day, and 200-day), indicating continued bearish momentum.

Expect range-bound movements for a shortened trading week, ahead of the Lenten pause plus quarter-end portfolio closing.

The index declined (-0.99%) closing at 5984.20 as it continues to consolidate below key support levels within a broader downtrend.

Expect volatility, with sentiment headline-driven by conflicting messages on the situation in Iran, especially in relation to possible truce terms.

Having crossed above the 6,000 zone, gauges may continue to rise, backed by reports of Iran’s review of US proposal to end the conflict.